Man United reveal transfer plans in conference call to club investors

The Red Devils spent over £150m transforming their squad following the arrival of Louis van Gaal but they are still struggling for form.

However, plans are already afoot to further strengthen when the transfer window opens.

A permanent deal for £44m Radamel Falcao is expected to be on the cards while United are also chasing centre-bcaks.

Woodward said: "There are targets we're looking at next summer. Should any become available in January we'll consider it. It's low probability."

TOP TARGETS: Ed Woodward is planning ahead [GETTY]

Woodward was speaking in a conference call to club investors this afternoon.

United earlier announced that their income has dropped by almost 10 per cent in the first quarter of this financial year due to the club's absence from the Champions League.

Revenue for the three months ending September 30 was £88.7m, down £9.8m compared to £98.5m for the same period a year ago, a 9.9 per cent drop.

The fall in income, shown in accounts published today, could have been even greater but the cost of United's absence from European football has been partially compensated for by an increase in sponsorship money and a lower wage bill.